Subsequent Events (Tables)

9 Months Ended

Feb. 29, 2020

Subsequent Events [Abstract]

Schedule of Debt

On March 27, 2020, the Company issued senior unsecured notes, as outlined in the table below:

Scheduled Maturity (Dollars in millions)	ORIGINAL PRINCIPAL		INTEREST RATE		INTEREST PAYMENTS
Corporate Term Debt:(1)(2)
March 27, 2025	$	1,000	2.40	%	Semi-Annually
March 27, 2027	1,000		2.75	%	Semi-Annually
March 27, 2030	1,500		2.85	%	Semi-Annually
March 27, 2040	1,000		3.25	%	Semi-Annually
March 27, 2050	1,500		3.38	%	Semi-Annually
TOTAL ISSUANCE	$	6,000

(1) These senior unsecured obligations rank equally with the Company's other unsecured and unsubordinated indebtedness.

(2)

The bonds are redeemable at the Company's option up to one, two, three, six and six months prior to the scheduled maturity date for the bonds maturing in 2025, 2027, 2030, 2040 and 2050, respectively, at a price equal to the greater of (i) 100% of the aggregate principal amount of the bonds to be redeemed or (ii) the sum of the present values of the remaining scheduled payments, plus in each case, accrued and unpaid interest. Within one, two, three, six and six months to scheduled maturity, respectively, the bonds also feature a par call provision, which allows for the bonds to be redeemed at a price equal to 100% of the aggregate principal amount of the bonds being redeemed, plus accrued and unpaid interest.